We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

In this paper we present the so-called Schumpeterian approach to economic growth, in which growth is primarily driven … micro-founded approach both, questions the old divisions between growth and development economics, and also provides the … analytical tools to design successful; strategies and appropriate institutions to achieve fast convergence and sustainable growth …

forward protection reduces the rate of innovation and imposing a nonobviousness requirement reduces R&D spending. It is shown … that full protection against imitation, granted independently of the size of the lead, maximizes the average innovation …

This paper examines patent protection in an endogenous-growth model. Our aim is two-fold. First, we show how the patent … policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role …

This paper examines patent protection in an endogenous-growth model. Our aim is twofold. First, we show how the patent … policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

in innovation activity in five newly industrialising countries (NICs) in Asia (China, India, Philippines, Thailand and … necessary to help policy makers, practitioners and scholars consider the relative levels of local innovation and the …

innovation. We first establish a positive and significant correlation between various measures of innovativeness and top income … in the top 1% income share between 1975 and 2010. Finally, we show that innovation does not increase broader measures of … inequality which do not focus on top incomes, and that innovation is positively correlated with social mobility, but less so in …